On december 31, 2018, perry corporation leased equipment to admiral company for a five-year period. the annual lease payment, excluding executory costs is $47,000. the interest rate for this lease is 10%. the payments are due on december 31 of each year. the first payment was made on december 31, 2018. the normal cash price for this type of equipment is $135,000 while the cost to perry was $107,000. for the year ended december 31, 2018, by what amount will perry's earnings increase due to this lease?
Answers: 1
Another question on Business
Business, 22.06.2019 20:30
When patey pontoons issued 4% bonds on january 1, 2018, with a face amount of $660,000, the market yield for bonds of similar risk and maturity was 5%. the bonds mature december 31, 2021 (4 years). interest is paid semiannually on june 30 and december 31?
Answers: 1
Business, 23.06.2019 03:00
If big macs were a durable good that could be costlessly transported between countries, which of the following would present an arbitrage opportunity? check all that apply. exporting big macs from argentina to the united states. exporting big macs from the united kingdom to poland. exporting big macs from switzerland to china
Answers: 1
Business, 23.06.2019 12:10
Amanda is a certified public accountant. she wants to work as an auditor with a firm in the state of california. which accounting body must she get herself registered with? a. security and exchange commission b. financial institution regulating authority c. state board of accountancy d. government accounting standard board
Answers: 2
Business, 23.06.2019 18:30
Carlos wrote a check for $44.92 to pay his gas bill. he’ll use the check register to record his transaction. what will be his new balance?
Answers: 1
You know the right answer?
On december 31, 2018, perry corporation leased equipment to admiral company for a five-year period....
Questions
Mathematics, 05.12.2019 22:31
Mathematics, 05.12.2019 22:31
Business, 05.12.2019 22:31
Mathematics, 05.12.2019 22:31
Mathematics, 05.12.2019 22:31
Chemistry, 05.12.2019 22:31
Physics, 05.12.2019 22:31
History, 05.12.2019 22:31
Business, 05.12.2019 22:31
